Wizz Air Cuts Carbon Intensity by 11%

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by KnowESG,

Wizz Air

KnowESG_Wizz Air Cuts Carbon Intensity by 11-
Image courtesy of Akos Stiller | Getty Images

Wizz Air, recognised as Europe's fastest-growing and most environmentally sustainable airline, has unveiled its latest annual sustainability update, showcasing the strides it has made towards achieving its sustainability goals.

During the fiscal year 2023, Wizz Air made remarkable progress by achieving a carbon emissions intensity of just 53.8 grams per passenger/km, marking an impressive 11% decrease compared to the previous fiscal year's performance.

This represents Wizz Air's best-ever recorded result for a single fiscal year and stands as the most efficient performance among major competitor airlines.

Wizz Air's sustainability strategy centres around four key pillars: environment, people, governance, and economy. The airline consistently focuses on reducing its environmental footprint and carbon intensity, fostering employee development, contributing to the socio-economic well-being of the regions it operates in, and bolstering its corporate governance practices.

Notable sustainability milestones achieved by Wizz Air in fiscal year 2023 include:

  • Achieving a 53.8 grams per passenger/km carbon emissions intensity, marking an 11% Year-on-Year decrease and a 6% reduction compared to pre-COVID levels.

  • Continuation of the fleet renewal and expansion programme, with 35 new A321neo aircraft joining the fleet.

  • Achieving the youngest fleet among European airlines with over 100 aircraft, boasting an average fleet age of just 4.6 years.

  • Forming agreements with Sustainable Aviation Fuel (SAF) producers for future supply, including Mabanaft/P2X Europe, OMV, Neste, and Cepsa.

  • Making significant investments in biofuel companies, such as a £5 million equity investment in the British biofuel company, Firefly and participating in a $50 million investment in CleanJoule, a US-based biofuel start-up.

  • Pioneering the commercial testing of SAF supply chains in Hungary, in collaboration with Neste, MOL, and Budapest Airport.

  • Joining the European Commission's Alliance for Zero Emission Aviation and the Renewable and Low-Carbon Fuels Value Chain Industrial Alliance.

  • Earning prestigious recognitions for its sustainability efforts, including the title of "Most Sustainable Low-Cost Airline" by World Finance Magazine and "Global and EMEA Environmental Sustainability Group of the Year" by CAPA - Centre for Aviation.

  • Demonstrating a commitment to diversity and inclusion, with the employee base growing to over 7,300, including more than 2,500 new hires from over 90 different nationalities, and maintaining a balanced 48–52% female-male gender ratio throughout the organisation.

For further insights into Wizz Air's sustainability strategy and milestones achieved in fiscal year 2023, readers are encouraged to refer to the F23 Sustainability report, which was released alongside the Group's annual report in June.

The report aims to raise awareness and provide detailed information on Wizz Air's environmental, social, and governance progress in the past financial year in a public-friendly format.

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Source: Wizz Air

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